Fire Suppression Insurance Program
What is the Fire Suppression Insurance Program?
Your business is aware of all the systems that can suppress, control, and lessen the risks caused by a fire. However, are you considering the risks that can affect your business, your workers, and your employees?
Fire suppression and sprinkler system contractors, designers, repairmen, quality control agents, and installation contractors face health hazards and liability risks every day on their job. They should acquire specialized coverage in case an incident happens while they are out in the field doing their risky jobs.
Basic fire suppression insurance includes general liability coverage, professional liability, umbrella liability, and protection for any legal issues that may be brought out due to accidents that may happen while your employees or workers are out in the field. This may also include automobile, property, and worker’s compensation insurance.
What is the sole purpose of having a fire suppression system?
The very objective of a fire suppression system is to extinguish a fire as quickly as possible. Once tenants of a certain home or building are alerted to the presence of a fire, the system will begin to emit a concentrated substance to suppress the flames. The exact nature of this substance can differ based on the environment that system is designed to protect. Some of these are carbon dioxide and inert gas and also a range of both liquid and dry chemical agents.
Fire suppression systems apparently do not use water. The only exception to having water is the water mist suppression systems. Due to this, fire suppression systems are often used in spaces that are usually vulnerable to water damage such as rooms with large amounts of electrical equipment. Fire suppression systems are also installed in galleries and museums since they usually contain highly valuable and fragile materials.
General commercial coverage for fire suppression, sales, service, installation, contractors, repair, monitoring and testing of:
- Sprinkler equipment – wet or dry
- Chemical design
- Fire extinguishers
General & Professional Liability
- Errors & Omissions Endorsement
- Personal Injury
- Care, Custody, Control
- Available in most states
- Monoline coverage available
- Guaranteed Cost
What Does Fire Suppression Insurance Cover?
The general and professional liability portion of fire suppression insurance faces several essential risk factors. This covers your business in case there are damages leading to errors or omissions related to your product or service including design, installation, maintenance, and repairs. General and professional liability also take note of situations wherein one of your employees gets injured at work, also any items that fall under care, custody, or control exclusions.
Fire insurance will normally cover worker’s compensation in case a worker sustains an injury or is required to take medical leave. Certain worries about costly medical expenses and lost wages related to extended medical leave will be taken care of by workers’ compensation insurance giving your employees or workers peace of mind and less stress during a trying time.
There is also an umbrella liability or excess liability. This insurance policy is equivalent to calling for backup. For incidents that your regular insurance policy cannot apparently cover, umbrella liability can pay for it and help you get back on track.
In addition, a lot of fire suppression insurance policies will also include property insurance which extends both to the building in which your business operates and any physical equipment you have. It is important to ensure that your equipment and data are accounted for whether your belongings were damaged while in transit, off-premises, or inside the office. In normal terms, this part of your insurance policy operates on a replacement cost basis.
Commercial auto insurance is another regular component of fire suppression coverage whether your company’s fleet includes only one vehicle or about a hundred. This kind of insurance can help you with essential costs related to repairs and medical bills should any of your vehicles get damaged or any of your employees or workers get injured while on your vehicle. This coverage also usually includes uninsured and/or under-insured motorists.
Fire suppression insurance would usually cover the cost of the following:
- Damages resulting from errors/omissions
- Workers’ compensation
- The property, including building and equipment
- Umbrella and excess
- Commercial auto
- Uninsured/under-insured drivers
- Competetive rates
- Limits $ 1,000,000 / $ 2,000,000
- Per project aggregate available
More flexible for exposure with
CPVC / PVC
- Retail sales and service
The graphic below is interactive.
Explore and learn more about some unique risks as well as the related insurance solutions
Commercial General Liability
Possible Liability: Claims due to accidents for property damage, bodily harm, personal injury caused by company products.
Solution: General Liability is necessary to save fire suppression businesses from financial loss, lawsuits, claims, or damages due to non-professional negligent acts by your products, services, company operations, or your workers.your agent.
Possible Liability: Licensed professionals and staff can be sued for alleged misdiagnosis or incorrect dental procedures. Exorbitant settlements may force the practice to close.
Solution: Professional liability insurance can protect a dentist and/or other licensed staff from costly lawsuits.
Errors and Omissions
Possible Liability: Sometimes, a simple clerical error, non-provision, or missing information in a service or product offered by a business can cause lawsuits.
Solution: Professional Liability Insurance can be added as a security measure in cases where negligent acts, errors, or omissions transpiring during company activities, and which potentially result in a financial loss for the client.
Possible Liability: In the event where any physical harm to others caused by you, or anyone else covered on your insurance policy.
Solution: Should any claims of this nature be filed, this coverage accommodates you to pay for another individual’s injuries in a covered event.
Care, Custody, Control
Possible Liability: Any insured individual filing claims for compensation on assets or property not owned by them that was damaged while in their custody.
Solution: CCC can prevent them from receiving any claims due to this endorsement inclusion in your policy.
DISCLAIMER: Consult actual policy for exact terms and conditions or talk to your insurance agent for clarifications.
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|Main Line:||(720) 221-8168|
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